Facebook's quarterly revenues have topped $7bn for the first time

Facebook today (November 2) reported revenues of over $7bn for the third quarter, representing a 59% year-on-year rise, with its daily active users (DAU) hitting 1.18 billion (up 17% year-on-year) and mobile contributing 84% to this total.

Facebook
Facebook's mobile usage continues to show strong growth

A more detailed breakdown of its results are listed in the chart below, with a key list of its quarterly highlights listed at the bottom of the page.

Q3 2016 highlights

  • DAUs were 1.18 billion on average for September 2016, an increase of 17% year-over-year
  • Mobile DAUs were 1.09 billion on average for September 2016, an increase of 22% year- over-year
  • Monthly active users (MAUs) were 1.79 billion as of September 30, 2016, an increase of 16% year-over-year.
  • Mobile MAUs were 1.66 billion as of September 30, 2016, an increase of 20% year-over- year

Facebook's C-level executives are primed to share more details of its quarterly performance, and priorities going forward on its subsequent earnings call.

More to follow